ricksfolly
DP Veteran
- Joined
- Dec 28, 2009
- Messages
- 2,236
- Reaction score
- 232
- Location
- Grand Junction, CO 81506
- Gender
- Male
- Political Leaning
- Independent
Corporatism, hooray! Let's ignore the actual problem about why banks aren't lending money and just give them money to lend! That will fix it!
When will the government spending money we don't have ever stop?
Not until real conservatives take over.
Go back and read it. The government isn't spending a dime. It's a loan from the Treasury.
ricksfolly
The Treasury is the government. At least it was last time I checked.
Banks are not lending because they (or so it would seem) do not have ample faith in US firm's ability to repay their loans on time.
Go back and read it. The government isn't spending a dime. It's a loan from the Treasury.
ricksfolly
Yea that wasn't the most intelligent thing RF has ever said. In fact this helps me understand why liberals are the way they are. Where do you think the treasury gets it's money, RF? Lol
Hint: if it starts with US department of... It's taxpayer funded.
Okay, okay. I'll admit I was wrong, but in my case it is a rarity.
Now if all the others would do the same when they are wrong, we might turn this forum into productive, not gotcha, debates.
ricksfolly
And would giving them more money fix that problem? As an interesting tangent, are banks lending to companies that are profiting?
What real conservatives? With tea baggers running the show, I thought Cs were a dying breed.
ricksfolly
Hypothetical question, ignore the other effects associated with such an action, but would an increase in the savings rate and a decrease in the debt that the US holds result in a lower amount that banks would charge to lend money?
Maybe I'm not reading your post right. Are you saying that in the China example that inflation is persisting because savings is increasing?
Okay, okay. I'll admit I was wrong, but in my case it is a rarity.
Now if all the others would do the same when they are wrong, we might turn this forum into productive, not gotcha, debates.
ricksfolly
Welcome to the Obama world of phony B.S. (boondoggle spending) in the history of the world.
How much money is Obama gfoing to waste before the Congress wakes up to the fact that so far not one damn thing they have wasted money on has been cost effective.
This is stupid beyond belief.
According to the Thomas Reports Inc., The Senate voted 61-38 for the Treasury to loan $300 billion in private credit to community banks for small business loans, and to provide 12 billion in small business tax breaks.
ricksfolly
Not until real conservatives take over.
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